JAKARTA, Oct 18 — The European Union’s head of climate change policy said that returning to using dirty energy from coal during the current energy crunch is “not a smart move” and markets should seize the opportunity to transition into renewables.
In Asia, coal demand from giant markets such as China and India has surged as their economies restarted after major pandemic-induced slumps. Global coal prices have jumped to record highs and top thermal coal exporter Indonesia has increased its 2021 output target to meet the demand as mining operations were disrupted by heavy rain.
Coal currently makes up around 60 per cent of Indonesia’s power generation and contributes around 35 per cent of its emissions.
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